Kay Hagan Family's Stimulus Windfall 'Worse Than We Thought'

As has been previously reported, in 2009, after Democrat U.S. Senator Kay Hagan vigorously supported President Obama’s $800 million-and-change stimulus package, a company co-owned by her husband, JDC Manufacturing, received $390,000 in federal grants and green energy tax credits. The Carolina Journal reports Tuesday that new documents prove “it’s worse than we thought.”

From a report filed early Saturday by WRAL-TV news, we have confirmation that a cluster of businesses owned by Democratic U.S. Sen. Kay Hagan’s husband and other family members collected even more subsidies from taxpayers than initially reported. While Carolina Journal’s Don Carrington has highlighted a stimulus grant totaling $250,644 that was paid to JDC Manufacturing, a real estate business co-owned by Hagan’s husband, Chip, and his brothers John and David, WRAL confirmed that JDC received an additional $137,000 in energy tax credits from the project. (Some of the relevant documents are here.) …

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Add a second federal renewable energy grant of $50,000 from the U.S. Department of Agriculture to the ledger, and we learn that Hagan businesses soaked taxpayers for nearly $450,000 to pay for energy upgrades installed at JDC’s 300,000-square-foot building in Reidsville.

JDC, a company co-owned by the three Hagan brothers, applied for and received $250,644 in stimulus dollars to install more efficient lighting and furnaces and place solar panels at its building. JDC leases the building to Plastic Revolutions, a recycling company also owned by … Hagan family members. Once the project was completed, Plastic Revolutions said it expected to save $100,000 in energy costs annually. That’s a benefit it would not have received without the upgrades, which were made possible by federal taxpayers.

Moreover, JDC wound up with a more valuable asset: a modern, energy-efficient manufacturing facility that would bring a higher price if it sold, and a more inviting location for potential new tenants. And, of course, JDC received $137,000 in tax credits — again resulting from the stimulus grant.